Source item

The 50 IQ = 150 IQ meme has its limits. You can 50 IQ your way to obvious conclusions, like “men and women exist.” But you can’t 50 IQ your way to optimal economic policy. Some things actually have genuine complexity. I agree that excessive money printing = inflation, of course. But there are a few wrinkles. First, the 50 IQ opinion is actually that free money is good! You have to have >50IQ to even understand that scarcity exists, that consequences exist. Second, if you never printed any money at all, you would have no money supply. So the exact mechanism for how and when money is introduced (Bitcoin mining, gold mining, etc) is very important. And can’t be 50 IQ’d.